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Land Lease to Public ltd co.

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 January 2011 we r going to establish a new public ltd co. in the field of cotton industry, for this we purchased a open land and registered in our own name.We r planning to lease this land to public company.My doubt is that whether we can do like this or not?
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
24 January 2011 Why not, you can do this. If the board of the new company is ready to accept your land on lease.
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